BOSTON (CBS) – The reality is that it may not be possible for a variety of reasons.

Why It May Not Be Possible To Work In Retirement

According to a survey done by Merrill Lynch over 75% of Boomers think they are going to work in retirement. But almost half of those aged 60-64 are working, only 20% of the 65-69 age group and only 5% of those over 70.

While Boomers intend to keep working and earning in retirement, another survey found on average they expect to “retire” from their current job/career at around 64 and then launch into an entirely new job or career. But most employers are not ready or willing to accommodate older workers. And the idea of starting something new is a great one but not something everyone can execute.

As we age we become more frail. Working until you are 75 is the exception rather than the norm and should not be your retirement plan. There are too many variables as we age.

You could get downsized in your 50s and never financially recover. You eventually find work but not at the same pay level.

You could get downsized in your 60s, can you prove discrimination? Maybe. Here again you may be able to find work but it may be at Home Depot or Walmart.

Your health fails or you become disabled and can’t work. As we age our body parts begin to wear out – arthritis sets in and some mornings it is difficult just to get moving.

Elder care: no not yours but your parents. They are living longer.

Grandkids: a lot of grandparents are babysitting or have full custody of their grandkids!

Working forever will require a backup plan. Save for retirement as if you will retire at 60 or 65. Always good to have plan B if things go sour. This way you will never be disappointed.